Mortgage financing can help expand your business to additional or new real estate, fund capital improvements, or pursue new business and growth opportunities by taking advantage of the equity in your property.
Mortgage Financing Made Simple
How mortgage funding works
-
A lien is put on a currently owned property to obtain funds for any purpose
-
A lien is put on a property that you are looking to buy to obtain funds for its purchase
​
Rates are based on
-
The security and length of the loan
-
The loan-to-value ratio
-
Your credit
Questions
​
-
Do you own any commercial property?
-
Are you looking to buy any commercial property?
-
Is the commercial property currently producing income?
-
Is there any debt on the property?
-
How many units are on the property?
​
Required documents you will need to provide
-
Profit and loss statements for your business
-
Property information, appraisal, or broker’s opinion of value (BOV)
-
2 most recent years' tax returns
-
Personal financial statements – updated within the last 90 days
​
Some Facts
-
Mortgage financing is only available for income-producing property
-
The most common way for a property to produce income is by having tenants
-
A property with both a business and a tenant on it is referred to as a mixed use property
